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Saturday , 19 August 2017
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Category Archives: Business-News

Introducing InstaSpect by ICICI Lombard – India’s First Live Video, Instant Claims Processing Feature

India’s largest private sector non-life insurance company, ICICI Lombard, has added yet another milestone in its journey by launching InstaSpect, a pioneering live video inspection and instant claims approval feature for motor insurance claims. This is the first time in India that such an innovation has been launched for processing motor insurance claims. InstaSpect will hugely benefit ICICI Lombard motor ... Read More »

Elvis Presley still earning a fortune even after 40 years of his demise

Elvis Presley died on 16th August 1977. He was just 42 by then when he died of heart attack and main reason attributed to his death was his food habits. His favourite sandwich was said to consist of two slices of fried bread, with crispy bacon and fried bananas, smothered in jam and peanut butter. The fans all over the world ... Read More »

AXIS Bank to waive 12EMIs on Home Loan Repayment

With competition between the public and private sector banks getting tougher on various fronts, be it with deposit rates or lending offers, India’s leading private sector bank, AXIS Bank announced today that it will waive off 12 EMIs on the regular home loan repayment under the scheme Shubh Aarambh Home Loans. This will be eligible for loans only upto Rs.30 lakhs. ... Read More »

CEO & MD of Infosys Resigns

“Mr. Vishal Sikka has resigned as the Chief Executive Officer & Managing Director of Infosys with immediate effect. Sikka cited among his reasons for leaving “a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management’s ability to accelerate the company’s transformation. Sikka has been appointed as Executive Vice-Chairman ... Read More »

Ola and Uber soon to have e-Vehicles

Energy Efficiency Services Ltd or EESL, a joint venture of four government-owned power companies, NTPC, Powergrid, PFC and REC is entering into a business agreement with private cab operators Ola and Uber in order to facilitate the introduction of eVehicles in their fleet in a bid to bring down the pollution levels in the country to a considerable level. EESL ... Read More »

India, Portugal open business hub in Goa to boost economic ties

With an aim to boost India-Portugal economic ties, a business hub was inaugurated on Wednesday in Goa’s capital Panaji. The business hub was inaugurated by the Indian ambassador to Portugal K Nandini Singla in the presence of Council General of Portugal Dr.Rui Baceira and CEO Reira Group Darryl Pereira. The Indian ambassador to Portugal further asserted that it was an ... Read More »

Indian company wins tender to construct CASA-1000 power project

An Indian company has won the tender for construction of 1000 Electricity Transmission and Trade Project for Central Asia and South Asia (CASA). As per Tolo News, the company, which has won the tender Afghanistan’s Ministry of Water and Energy (MoWE), said it will complete the construction of the project in three years. The construction phase of the project will ... Read More »

Idea,Airtel to be hit by fall in IUC – Jio to benefit

Since telecom regulator TRAI is looking to reduce the Interconnect Usage Charges(IUC) between the telecom operators, the move is set to benefit Mukesh Ambani led Jio which may break even faster but would affect the operating profits of Idea and Airtel.  IUC is a charge paid by the operator of a network from where a call originates to the telco ... Read More »

Trump says “US may take Military Action” against Venezuela

  US President Donald Trump has said that he is considering military options on Venezuela due to the escalating crisis mentioning that the situation in the South American nation is in a “very dangerous mess”.   Trump who earlier had warned North Korea that even if they think about attacking US or its allies, they would get it in return ... Read More »

Survey shows JIO led to fall in profitability on other telcos

Economic Survey results has come as a shocker with the increased share of telecom companies in the non-performing assets category after they witnessed a drastic fall in their revenue due to the entry of Relinace Jio.  The gross revenue of Bharti Airtel, Vodafone India and Idea Cellular has seen a decline of 7.98%, 5.14% and 4.91% during the third quarter ... Read More »

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